[crowcroft]

If I'm guessing this either:

1. An acquihire (if your a Neon customer this would probably be a bad outcome for you).

2. A growth play. Neon will be positioned as an 'application layer' product offered cheap to bring SaaS startups into the ecosystem. As those growth startups grow and need more services sell them everything else.

[aurareturn]

Who pays $1b for an acquihire?

[crowcroft]

Character AI is the only one I can think of. Although point taken, there must be more going on than a pure acquihire.